Success is the best revenge...lol seriously

To everyone looking for a full time position, keep going.
I'm a long time reader of this forum who felt compelled to write this after going through the massively tough recruiting season this year, prior to landing offers. Hopefully this might be of some encouragement to individuals who are doing FT/SA recruiting in the spring.

Background: Target sch, solid gpa & extracurriculars, experience at bb

I thought it would be easy, but went through 2+ months of continuous applications, interviews, etc etc until I even heard one yes word.

On some down days I wondered how ppl with similar profiles the previous years got into BX, Citadel, GS, and seriously went through some pretty dark moments.

I won't go into excruciating details, but some of the more painful moments were:
(a) One interviewer, after deciding his time was better spent elsewhere, simply walked out of the room, leaving only the junior people to do the remainder of the questions. They took the hint and ended things early.
(b) Another started a speech on alternate 'career paths' halfway in.
(c ) Another came up with super hard questions that were impossible to answer unless you had instant access to wikipedia or something.

You get the gist. After some such encounters I felt like giving up.

Then I remembered there really was no other choice except to tough it out (I didn't allow myself to move on to searching for jobs in other industries).

After spending weeks and weeks like this, while still balancing my other commitments at school, I finally got an offer sometime after thanksgiving (yes, before you ask, I spent that week sending out more resumes in paranoia). At first I thought I was going to yell, fist pump, etc when I finally heard back, but at the end of the process I just felt weirdly stronger & much more confident.

I think if you went through (or are going through) what I described you'll know exactly what I'm talking about.

All of us owe our careers to dare to go for what we really want.

If you're thinking of surrendering, just remember this line (from a movie/book I can't remember): the ending to every story can be either tragic or comic -- it just depends on where you stop.

 

Congrats man! Always great to hear success stories of overcoming odds, especially given the terrible economy.

What kind of offer did you land? You said you worked at a BB -- IBD or S&T or AM, what?

In terms of those painful moments in interviews, can you elaborate some more? For instance, what background were you coming from and what industry were you trying to break into? I'm curious because if you're BB IBD trying to break into BB, that's different than if you were S&T trying to break into IBD (or another combination).

Or was this a buyside offer? Can you be a bit more specific?

 

Sorry man but do you seriously think this is bad? You have a lot to learn. First of all, people ask hard questions for various reasons. Some ask to be assholes and some ask to see how you react. This isn't a big deal. People walking out and let juniors take over. Happens all the time. If you think this is bad wait until you start and then you really get your ass handed to you. Either way take this as a learning experience and it only gets harder from here.

 

I have to echo the sentiments of some of the posters above. I am happy that you found a position, but what you described is called "the recruitment process." You probably had it way easier than many people, definitely easier than me. You went to a target school and had prior experience... those two things alone put you much farther ahead of the curve than you probably realize. You will need to toughen your skin when you start the job, because if you think "someone asking me a hard question" or "someone getting up and leaving an interview because they probably have to go take a call with the CFO of a $10 Bn company" is so awful and offends you, what are you going to say when your boss comes to you and tells you "you may have to cancel your flight home for Christmas, client wants to have a call on the model on Sunday." You probably think this doesn't happen, but it does. I'm speaking about my own experience right now. Thankfully, we were able to reason with the client and I'm still able to go home, though I will likely have to remote in before and after Christmas day.

What about when someone pulls you into a conference room and says, "seriously man what the fuck is this shit... I gave you a simple job to do and you fucked me. How am I supposed to explain this shit to so-and-so. If analysts weren't such cheap labor we wouldn't keep you around." This was said to a friend of mine at my firm.

Don't mistake what I'm saying here... You SHOULD feel GREAT about getting a job, because it is hard and especially given the current market. But if you think that you experienced a LOW point because you heard a couple "no's" well then you are in for a surprise when you start. Just remember how bad you wanted this right now, because a little bit down the line next year you are going to have days when you question every decision you've made that got you to this point. Make sure that you are able to think rationally and remember that you are sacrificing short term happiness for long term happiness.

Best of luck.

 
Best Response

First, let me start off by saying: Congrats on getting the offer! It should feel amazing.

Next, I can totally relate to that depressed feeling you got after getting nothing but rejections. I too am at a target and had relevant internship going into FT. I had moments where I almost broke down before I got my offers late in the game.

OCR is difficult. It is a different type of difficulty though, and I think it is important for people to understand that. It is emotional(as opposed to the nontarget hustle) and you have to be be prepared to deal with that. The environment at a target is basically a measuring contest everyday. From freshman year, you first hear about OCR and how such and such people got Citadel/Bridgewater etc...You are also told statistics about how a large % of graduates get jobs in high finance. You are surrounded by people who will be working at BBs, HFs, people getting lots of offers and having to choose, etc. By the time you are actually doing OCR, if you have good stats, you are expecting to get some decent finance role. The social environment is such that you basically are considered a loser if you dont get a decent gig.

I think this pressure is what made the OP feel like it was a LOW point.

I also with rufiolove,UFO, mikebrady, that this is only the beginning and things will be a lot tougher.

 

"OCR is difficult. It is a different type of difficulty though, and I think it is important for people to understand that. It is emotional(as opposed to the nontarget hustle) and you have to be be prepared to deal with that. The environment at a target is basically a measuring contest everyday. From freshman year, you first hear about OCR and how such and such people got Citadel/Bridgewater etc...You are also told statistics about how a large % of graduates get jobs in high finance. You are surrounded by people who will be working at BBs, HFs, people getting lots of offers and having to choose, etc. By the time you are actually doing OCR, if you have good stats, you are expecting to get some decent finance role. The social environment is such that you basically are considered a loser if you dont get a decent gig.

I think this pressure is what made the OP feel like it was a LOW point."

so true.. so true

 

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